(HBO) – The Hoa Binh branch of the Bank for Investment and Development of Vietnam (BIDV) is one of the key banks in the province. With a widespread network of transaction points covering important localities like Hoa Binh city, and Luong Son and Cao Phong districts, BIDV Hoa Binh has contributed greatly to local socio-economic development.
Staff members of the BIDV Hoa Binh branch have stepped up credit
disbursement to support production and business activities of local
enterprises.
The branch has mobilized over 3 trillion VND
(132.1 million USD) of capital since the beginning of 2018, equivalent to 86
percent of this year’s target. Its credit provision has also grown as planned.
By the end of the first quarter, outstanding loans of BIDV Hoa Binh exceeded
3.26 trillion VND (143.6 million USD), up 0.07 percent from the end of 2017,
equal to 222.26 billion VND. Specifically, outstanding loans for businesses
exceeded 2 trillion VND (88.1 million USD) and for individual clients came to nearly
1.24 trillion VND (54.6 million USD). Meanwhile, medium- and long-term credit
was about 1.55 trillion VND (68.3 million USD), accounting for 46.1 percent of
total outstanding loans.
Aside from boosting credit growth, BIDV Hoa Binh
has also paid special attention to credit quality. Its bad debt, estimated at
32.14 billion VND (1.4 million USD), now accounts for only 0.95 percent of
total outstanding loans.
The branch’s services are assessed as relatively
good, bringing in net revenues of 3.79 billion VND (167,000 USD) in the first
quarter, including 1.21 billion VND (53,300 USD) from the guarantee service and
1.58 billion VND (69,600 USD) from payment service.
Meanwhile, activities pertaining to payment,
cash circulation, treasury and network development have also received due
attention from the branch.
BIDV Hoa Binh currently has five transaction
offices and 10 ATMs, including six machines in Hoa Binh city, three in Luong
Son district, and one in Cao Phong district.
The number of points of sale (POS) accepting
BIDV cards has been maintained at shopping centres. There are 20 such machines
in the province at present./.
Recently, the Standing Committee of Cao Phong District’s Youth Communist Union has actively directed the effective implementation of the models of collective economic development among youth, promoting the start-up movement among the youth, and helping each other develop the economy to get rich in their homeland.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
The year-end is considered a "golden time" to stimulate trade and tourism. Various activities have been organised to seize positive market signals, enhance product branding, and drive socio-economic growth.
Hoa Binh Province currently has over 870
hectares of tea plantations, with six districts having concentrated tea
production areas that boast advantages in soil, climate, history, and
distinctive tea varieties: Yen Thuy, Lac Thuy, Da Bac, Mai Chau, Tan Lac, and
Luong Son.
Recently, Hoa Binh province has continued to review the planning of industrial parks up to 2030 and implemented procedures to prepare subdivision plans for industrial parks as per regulations.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
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